Debt (Tables)

12 Months Ended

Dec. 31, 2019

The following table shows the outstanding balances of our debt obligations and the applicable interest rates as of December 31 (in millions):



	2024		2023
Unsecured Recourse Fixed Rate Debt:
U.S.
3.25% Notes due March 2025	$	300.0	$	300.0
3.25% Notes due September 2026	350.0		350.0
5.40% Notes due March 2027	350.0		—
3.85% Notes due March 2027	300.0		300.0
3.50% Notes due March 2028	300.0		300.0
4.55% Notes due November 2028	300.0		300.0
4.70% Notes due April 2029	500.0		500.0
4.00% Notes due June 2030	500.0		500.0
1.90% Notes due June 2031	400.0		400.0
3.50% Notes due June 2032	400.0		400.0
4.90% Notes due March 2033	400.0		400.0
5.45% Notes due September 2033	400.0		400.0

6.05% Notes due March 2034	500.0		300.0
6.90% Notes due May 2034	400.0		400.0
5.20% Notes due March 2044	300.0		300.0
4.50% Notes due March 2045	250.0		250.0
3.10% Notes due June 2051	550.0		550.0
6.05% Notes due May 2054	400.0		—
4.35% Notes due February 2024	—		300.0
	$	6,900.0	$	6,250.0
Europe (1)
1.00% Notes due March 2025	$	103.5	$	110.4
1.13% Notes due August 2025	103.5		110.4
0.90% Schuldschein loan due October 2026	23.8		25.4
1.07% Notes due November 2026	77.7		82.8



	2024		2023
5.23% Schuldschein loan due November 2026	38.8		41.4
4.37% Schuldschein loan due May 2027	36.2		—
1.17% Schuldschein loan due October 2028	53.8		57.4
1.56% Schuldschein loan due October 2031	77.7		82.8
3.62% Loan due December 2031 (3)	103.5		110.4
0.85% Notes due May 2024	—		115.8
	$	618.5	$	736.8
India (2)
8.39% - 8.83% Term loan due June 2027 (4)	$	47.9	$	49.4
8.13% - 8.53% Term loan due February 2028 (4)	26.9		27.6
8.43% - 8.94% Term loan due February 2029 (4)	46.7		24.0
8.51% - 8.88% Term loan due January 2030 (4)	23.4		—
	$	144.9	$	101.0

Total unsecured fixed rate debt	$	7,663.4	$	7,087.8

Unsecured Recourse Floating Rate Debt (5):
U.S.
6.47% Notes due January 2026	$	100.0	$	100.0
6.30% Notes due January 2028	50.0		50.0
7.14% Notes due September 2029	50.0		50.0
	$	200.0	$	200.0
Europe (1)
4.32% Loan due December 2025	$	125.3	$	—
4.84% Notes due December 2027	113.9		121.4
5.36% Loan due May 2029	77.7		—
6.05% Loan due November 2030	38.8		41.4
5.02% Loan due March 2031	51.8		—
	$	407.5	$	162.8

Total recourse floating rate debt	$	607.5	$	362.8

Total debt principal	$	8,270.9	$	7,450.6
Unamortized debt discount and debt issuance costs	(51.6)		(54.5)
Debt adjustment for fair value hedges	(4.0)		(8.0)
Total Debt	$	8,215.3	$	7,388.1

__________

(1) Denominated in euros, but presented in U.S. dollars in this table.

(2) Denominated in Indian rupees, but presented in U.S. dollars in this table.

(3) The loan was originally set to mature in November 2024 but was extended to December 2031 at a new rate of 3.62%.

(4) Term loans were drawn against delayed draw term loans in multiple tranches, resulting in various interest rates for each tranche.

(5) For floating rate debt, the interest disclosed is the applicable interest rate as of December 31, 2024.

The following table shows the scheduled principal payments of our debt obligations as of December 31, 2024 (in millions):